Date | Account Title | Debit | Credit |
Jan-01 | Cash | 178,000.00 | |
General Fund | 178,000.00 | ||
Feb-01 | Cash | 135,000.00 | |
Notes Payable | 135,000.00 | ||
Mar-01 | Purchase Expenditure un invoiced | 154,000.00 | |
Purchase Accrual | 154,000.00 | ||
Apr-01 | Product receipt | 154,000.00 | |
Purchase Expenditure un invoiced | 154,000.00 | ||
Apr-01 | Purchase Accrual | 154,000.00 | |
Product receipt | 154,000.00 | ||
Apr-01 | Truck | 154,000.00 | |
Cash | 154,000.00 | ||
May-01 | Cash | 26,500.00 | |
Contribution revenue | 26,500.00 | ||
May-01 | Enterprise Fund | 26,500.00 | |
Cash | 26,500.00 | ||
Jun-01 | Advance Rent | 14,400.00 | |
Cash | 14,400.00 | ||
Jul-01 | Receivable | 12,300.00 | |
Contribution revenue | 12,300.00 | ||
Jul-01 | Cash | 11,400.00 | |
Receivable | 11,400.00 | ||
Aug-01 | Interest Expense | 8,100.00 | |
Notes Payable | 4,900.00 | ||
Cash | 13,000.00 | ||
Sep-01 | Salaries Expense | 24,100.00 | |
Enterprise Fund | 24,100.00 | ||
Oct-01 | Repair and Maintenance | 3,600.00 | |
Cash | 3,600.00 | ||
Nov-01 | Salaries expenses | 10,100.00 | |
Enterprise fund | 2,400.00 | ||
Cash | 7,700.00 | ||
Dec-31 | Receivable | 26,500.00 | |
Contribution revenue | 26,500.00 | ||
Dec-31 | Cash | 4,500.00 | |
Receivable | 4,500.00 | ||
Dec-31 | Land Fill Expenses | 420,000.00 | |
Landfill Expenses Payable | 420,000.00 |
12 P-34 Help The County of Maxnell decides to create a sanitation department and offer its...
The County of Maxnell decides to create a sanitation department and offer its services to the public for a fee. As a result, county officials plan to account for this activity within the enterprise funds. Prepare journal entries for this operation for the following 2017 transactions as well as necessary adjusting entries at the end of the year. Assume the information is being gathered to prepare fund financial statements. Only entries for the sanitation department are required here: January 1...
Problem 17-34 (LO 17-4) The County of Maxnell decides to create a sanitation department and offer its services to the public for a fee. As a result, county officials plan to account for this activity within the enterprise funds. Prepare journal entries for this operation for the following 2017 transactions as well as necessary adjusting entries at the end of the year. Assume the information is being gathered to prepare fund financial statements. Only entries for the sanitation department are...
Check my Problem 17-34 (LO 17-4) The County of Maxnell decides to create a sanitation department and offer its services to the public for a fee. As a result, county officials plan to account for this activity within the enterprise funds. Prepare journal entries for this operation for the following 2017 transactions as well as necessary adjusting entries at the end of the year. Assume the information is being gathered to prepare fund financial statements. Only entries for the sanitation...
please help me correct my mistakes
Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. A new truck for the sanitation department was ordered at a cost of $105,250. b. The city print shop did $1,800 worth of work for the school system (but has not yet been paid). C. An $15 million bond was issued to build a new road. d....
Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. A new truck for the sanitation department was ordered at a cost of $113,000. The city print shop did $3,600 worth of work for the school system (but has not yet been paid). An $10 million bond was issued to build a new road. Cash of $193,000 is transferred from the general fund to...
Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. A new truck for the sanitation department was ordered at a cost of $113,000. The city print shop did $3,600 worth of work for the school system (but has not yet been paid). An $10 million bond was issued to build a new road. Cash of $193,000 is transferred from the general fund to...
Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. A new truck for the sanitation department was ordered at a cost of $105,250. b. The city print shop did $1,800 worth of work for the school system (but has not yet been paid). c. An $15 million bond was issued to build a new road. d. Cash of $179,000 is transferred from...
then all the same entry transactions but for the Govt.
Wide Fin. Stmt.
Chei Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. A new truck for the sanitation department was ordered at a cost of $94,000. b. The city print shop did $1,200 worth of work for the school system (but has not yet been paid). C. An $11 million bond...
6–13. Jefferson County operates a centralized motor pool to service county vehicles. At the end of 2016, the Motor Pool Internal Service Fund had the following account balances: Debt Credit Due from General Fund $ 6,500 Cash 18,000 Capital assets 35,000 Supplies inventory 4,000 Accounts payable $ 5,500 Accrued wages payable 300 Accumulated depreciation 6,500 Advance from enterprise fund 25,000 Net position 26,200 Net Position 63,500 63, 500 The following events took place during 2017: Additional supplies were purchased on...
ework Savod Help Save & CH On January 1, 2020, the first day of its fiscal year, Carter City received notification that a federal grant in the amount of $625,000 was approved. The grant was restricted for the payment of wages to teenagers for summer employment. The terms of the grant permitted reimbursement only after qualified expenditures have been made the grant could be used over a two-year period. The following data pertain to operations of the SUMMER EMPLOYMENT GRANT...